Nelson Peltz raises stake in Disney. Here’s what the pros say to do next

by | Oct 9, 2023 | Financial

Market Movers rounded up the latest reactions on Disney from investors and analysts. The pros, including Jim Cramer , discussed the entertainment giant after activist investor Nelson Peltz’s firm, Trian Fund Management, increased its stake in Disney to roughly 30 million shares . The move makes the firm one of Disney’s largest shareholders. Trian is also pushing for multiple seats on the company’s board, including one for Peltz. Earlier this year, the firm sought a seat for just Peltz, but the investor had dropped his initial proxy fight after the entertainment juggernaut revealed a massive restructuring plan. Disney stock gained more than 2% Monday and is held in Cramer’s Charitable┬áTrust portfolio.

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